Topic “LoopPay”

Samsung Seeks to Fulfill Promise of Widespread Acceptance of Samsung Pay; Terminal Upgrades Will be Needed

Published: May 24 2016

NFC Times Exclusive – Certain point-of-sale terminals from a variety of device manufacturers aren’t yet compatible with Samsung’s proprietary Magnetic Secure Transmission technology, with Samsung Electronics’ promise of universal acceptance of Samsung Pay at card-accepting merchant locations still apparently a far-off target.

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Besides MST Technology, Samsung Seeks to Differentiate New Payments Service from Apple Pay with More Flexible Architecture

Published: Aug 10 2015

NFC Times Exclusive – Besides touting its much larger base of acceptance points, Samsung Electronics appears to be emphasizing what it says is a more “agnostic” approach to its technology for its forthcoming Samsung Pay platform, as compared with rival Apple Pay.  

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Galaxy S6 to Carry Embedded Secure Element; Samsung Splits NFC Controller Contract

Published: Mar 2 2015
Mar 2 2015

BARCELONA, Spain – NFC Times Exclusive (UPDATED): The Galaxy S6 will carry an embedded secure element, mainly to enable nonpayment applications, while supporting NFC payments with host-card emulation and storing payment tokens in a secure area on the processor, an ARM-based TrustZone, a representative of Samsung told NFC Times. The embedded secure element also could be used to store tokens outside of the U.S. 

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Analysis: Google Buys Home Screen Space with Softcard Acquisition, While SIM-based NFC Takes Another Hit

Published: Feb 24 2015

NFC Times Exclusive Analysis – Google purchased Softcard for one reason, really, to get its Google Wallet app preinstalled on Android phones sold by the Softcard mobile carriers.

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Samsung to Acquire LoopPay to Launch Apple Pay Rival; Expected to Continue to Support NFC

Published: Feb 19 2015

NFC Times Exclusive Insight – Samsung Electronics has signed an agreement to acquire mobile-payments start-up LoopPay, setting up a battle between Apple and Samsung in the U.S. over rival mobile-payments platforms, while raising the prospect for more fragmentation in the U.S.

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Start-Up Takes on Apple Pay but Needs Help from Other OEMs

Published: Nov 18 2014
By: 
Dan Balaban

NFC Times Exclusive: While some high-volume U.S. merchants, such as McDonald’s, Subway and Walgreens accept Apple Pay, along with other NFC-payments services, a key weakness of these platforms is the low percentage of merchants in the U.S. where consumers can tap to pay with their phones.  

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Inside Modifies Corporate Structure, as It Continues to Pull Back from NFC Controller Market

Published: Oct 28 2013

NFC Times Exclusive: Inside Secure has reorganized its business units, as it continues to refocus its strategy toward embedded security while pulling back from the NFC controller market.

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Inside Modifies Corporate Structure, as It Continues to Pull Back from NFC Controller Market

Published: Oct 28 2013

NFC Times Exclusive: Inside Secure has reorganized its business units, as it continues to refocus its strategy toward embedded security while pulling back from the NFC controller market.

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HEADLINE NEWS

Australian Transit Agency to Launch Mobility-as-a-Service Trial as It Pursues Long-Term MaaS Strategy

Published: Dec 9 2021

Plans by Transport for New South Wales, Australia’s largest transit agency, to launch a trial enabling users to plan, book and pay for multimodal rides is the next step toward the agency’s long-ter

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Updated: U.S. Transit Agency Seeks to Reduce–Though Not Eliminate–Cash Acceptance with New Fare-Collection System

Published: Dec 9 2021

Updated: The Spokane Transit Authority in Washington state confirmed that its new fare-collection system will include contactless open-loop payments–with a beta test planned for next October, a spokesman told NFC Times' sister publication Mobility Payments.

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UK Government Seeks to Bring London-Style Contactless Fare Payments System to Other Regions

Published: Nov 30 2021

The UK government’s plan to equip 700 rail stations over the next three years to accept contactless open-loop payments is a major initiative, as it seeks to replicate the success of London’s contactless pay-as-you go fare payments system elsewhere in the country–a goal that has proved elusive in the past.

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More Cities in Finland Expected to Move to Open-Loop Fare Payments

Published: Nov 16 2021

A fourth city in Finland is beginning to roll out contactless open-loop payments, with “more in the pipeline,” according to one supplier on the project, making the Nordic country one of the latest hotspots for the technology.

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Moscow Metro Expands Test of ‘Virtual Troika’ in Pays Wallets, as It Continues to Develop Digital-Payments Services

Published: Nov 16 2021

Moscow Metro is recruiting more users to test its “Virtual Troika” card in two NFC wallets, those supporting Google Pay and Samsung Pay, as one of the world’s largest subway operators continues to seek more ways for its customers to pay for rides.

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Ohio Transit Agency Expects Significant Revenue Loss as it Builds Equity with Fare Capping

Published: Nov 16 2021

The Central Ohio Transit Authority, or COTA, officially launched its new digital-payments service Monday, including a fare-capping feature that the agency estimates will cost it $1.8 million per year in lost fare revenue, the agency confirmed to Mobility Payments.

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Special Report: Interest Grows in ‘White-Label EMV’ for Closed-Loop Transit Cards

Published: Nov 2 2021

As more transit agencies introduce open-loop fare payments, interest is starting to grow in use of white-label EMV cards that agencies can issue in place of proprietary closed-loop cards for riders who don’t have bank cards or don’t want to use them to pay fares.

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Swedish Transit Agency Launches Express Mode Feature for Apple Pay, though Most Ticketing Still with Barcode-Based App

Published: Oct 28 2021

Skånetrafiken, the transit agency serving one of Sweden’s largest counties, announced today it has expanded its contactless open-loop payments service to include the Express Mode feature for Apple Pay.

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Major Bus Operators in Hong Kong Now Accepting Open-Loop Payments–Adding More Competition for Octopus

Published: Oct 28 2021

Two more bus operators in Hong Kong on Saturday launched acceptance of open-loop contactless fare payments, with both also accepting QR code-based mobile ticketing–as the near ubiquitous closed-loop Octopus card continues to see more competition.

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Moscow Metro Launches Full Rollout of ‘Face Pay;’ Largest Biometric Payments Service of Its Kind

Published: Oct 18 2021

Touting it as the largest rollout of biometric payments in the world, Moscow Metro launched its high-profile “Face Pay” service Friday, as expected, and predicted that 10% to 15% would regularly us

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Indonesian Capital Seeks to Expand to Multimodal Fare Collection and MaaS

Published: Oct 18 2021

Indonesia’s capital Jakarta, whose metropolitan area is home to more than 30 million people, is notorious for its stifling traffic congestion. In response, the government metro and light-rail networks and now it is funding an expansion of the fare-collection system to enable more multimodal payments and to build a mobility-as-a-service platform.

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Exclusive: NFC Wallets Grow as Share of Contactless Fare Payments and Not Only Because of Covid

Published: Oct 18 2021

Transit agencies that have rolled out open-loop contactless payments are seeing growing use of NFC wallets to pay fares, as Covid-wary passengers see convenience in tapping their phones or wearables to pay.

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